BITCOIN Analysis for June 25, 2018

Bitcoin has been quite corrective and volatile recently after breaking below $6,500 with a daily close. Though after the break price managed to make a daily close with strong bearish rejection which created a bullish pin bar. The overall trend is still... [...]

German business confidence suffers as trade war ramps up

Business confidence in Germany fell in June to its lowest in more than a year, suggesting the mood among company executives is darkening as the world edges toward a full-blown trade war. Activity declined in all four sectors measured by the Munich-based Ifo institute in Monday’s survey – manufacturing, services, trade and construction. The readings… [...]

China cuts RRR as trade war escalates

China’s central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms. The reserve reduction, the third by the central bank this year, had… [...]

US shouldn’t overreact to trade issues

Wall Street is regrouping. Easy money has been made. The fiscal stimulus has been priced in for a long time. The Fed is an ongoing game, but the slightly easing price pressures along the U.S. yield curve are signaling surprisingly stable inflation expectations. The current mix of easy fiscal and monetary policies has produced an… [...]

Trump planning more measures against China

President Donald Trump plans to bar many Chinese companies from investing in U.S. tech and to block additional technology exports to China, The Wall Street Journal reported on Sunday evening, citing people familiar with the matter. The two measures are set to be announced by the end of the week, and are intended to counter… [...]

Erdogan victory could be bad for Turkey

On already shaky footing, Turkey’s economy and assets are likely to be affected as all eyes turn to what the powerful and growth-hungry winner of Sunday’s elections — President Recep Tayyip Erdogan — will do next. The country is faced with a multitude of issues: The decline of the Turkish lira, its sky-high inflation rate… [...]

USD/CAD – Canadian Dollar Ticks Lower

The Canadian dollar is slightly lower in the Monday session. Currently, USD/CAD is trading at 1.3291, up 0.19% on the day. On the release front, there are no Canadian releases until Thursday. In the U.S, New Home Sales is expected to climb to 665 thousand. On Tuesday, the U.S releases CB Consumer Confidence. Canadian consumer data… [...]

Trump broke the markets again

Markets are again forced to react to a high probability of expanding the negative impact of US duties on the world economy, which is noticeable again in the dynamics of the currency market, and not only that. At the end of the week, the Chinese authori... [...]

Global macro overview for 25/06/2018

The Friday's Canadian macroeconomic data strongly disappointed. Retail sales in April dropped unexpectedly by 1.2% m/m, and the same data without cars 0.1% m/m. The inflation in May slowed to 0.1% m/m from 0.3% m/m, and in annual terms remained at 2.2%... [...]